TPIC Earnings Prediction
The chart below shows how TPIC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TPIC sees a +6.25% change in stock price 10 days leading up to the earnings, and a +7.57% change 10 days following the report. On the earnings day itself, the stock moves by +2.34%. This data can give you a slight idea of what to expect for the next quarter's release.
TPIC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
380.76M
2.12%
22.90%
Gross Margin
0.73%
124.33%
-109.26%
Operating Margin
-0.51%
-95.23%
-95.30%
Net Margin
-10.14%
-33.38%
-48.92%
EPS
-0.84
-50.88%
-56.25%
No Data Available
TPIC Earnings Analysis
TPI Composites, Inc. Common Stock Corporation (TPIC.O) Earnings Conference Call
Positive
Net Sales Increase: In the third quarter of 2024, net sales were $380.8 million, an increase of 2.8% compared to $370.2 million for the same period in 2023.
Wind Blade Sales Increase: Net sales of wind blade tooling and other wind-related sales increased by $6.9 million or 1.9% to $369.1 million for the three months ended September 30, 2024, compared to $362.2 million in the same period in 2023.
Sales Price Increase: The increase in sales was primarily due to higher average sales prices of wind blades due to changes in the mix of wind blade models produced, particularly the startup of production at one of our previously idled facilities in Juarez Mexico.
Adjusted EBITDA Improvement: Adjusted EBITDA was $8 million for the three months ended September 30, 2024, compared to adjusted EBITDA of $0.2 million during the same period in 2023, marking a significant improvement.
Strong Liquidity Position: We ended the quarter with $126 million of unrestricted cash and cash equivalents and $606 million of net debt, indicating a strong liquidity position.
Negative
Net Sales Increase: Net sales for the third quarter of 2024 were $380.8 million, compared to $370.2 million for the same period in 2023, an increase of 2.8%.
Adjusted EBITDA Performance: Adjusted EBITDA of $8 million in the quarter marks our expected return to positive EBITDA; however, it was lower than expected due to several factors.
Free Cash Flow Comparison: Free cash flow was a negative $5.6 million in the third quarter of 2024 compared to negative free cash flow of $20.8 million in the same period in 2023.
Revised Financial Guidance: We are lowering our guidance to a loss of approximately 2% for the year compared to the previous guidance of a positive adjusted EBITDA margin of approximately 1%.
Cash and Debt Position: We ended the quarter with $126 million of unrestricted cash and cash equivalents and $606 million of net debt.
TPIC FAQs
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TPIC Earning Call Sentiment
TPI Composites, Inc. (TPIC) Q3 2024 Earnings Call Transcript
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00:00
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TPIC.O
-0.34%Positive
The earnings call presents a positive outlook with a significant increase in net sales and adjusted EBITDA, along with improved free cash flow. The guidance for a positive adjusted EBITDA margin and strong free cash flow generation in the fourth quarter further supports this positive sentiment. However, concerns about European demand and unclear guidance on future EBITDA targets introduce some uncertainty. Overall, the improved financial performance and optimistic guidance outweigh these concerns, suggesting a positive stock price movement in the short term.
